Project ID: 34383

China pledges $123 million loan to Nepal for economic productivity

Pledged amount

$ 192056517.5

Constant 2017 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Umbrella project

This project is classified as an "umbrella" project, and is connected to related projects.

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Nepal

Sector

Unallocated/unspecified (Code: 998)

Flow type

Loan

Concessional

Vague

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2007

Description

On July 2007, China pledged a 123 million USD (8 billion Rs) subsidized loan to Nepal for industrial and economic productivity. The pledge was made between Chinese Assistant Commerce Minister Wang Chao and Nepali Finance Minister Ram Sharan Mahat. Dr Mahat welcomed the gesture, but added that Nepal has not yet decided whether to accept the Chinese offer.

Number of official sources

0

Number of unofficial sources

3

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Details

Cofinanced

No

Receiving agencies [Type]

Nepali Ministry of Commerce [Government Agency]

Loan type

No Information

Gurarantee provided

No

Insurance provided

No